While the news is full of climbing short sale rates and the “success” of the myriad federal programs in place to help homeowners deal with the housing crisis, a new report from the State Foreclosure Prevention Working Group (SFPWG), a group that compiles and analyzes information from state attorneys general and bank supervisors around the country, indicates that fully 60 Read full article »
Tag archives for Two Thirds
Majority of Homeowners Opting Out of Loss Mitigation Entirely
category: Real Estate News
tags: Bank Supervisors, Delinquent Loans, Delinquent Mortgages, Forbearance, Foreclosure Prevention, Foreclosures, Hundreds Of Thousands, Loan Modification, Loss Mitigation, Lot, Mainstream, Point In Time, Principal, Real Estate, Recruiting, Six Months, State Attorneys, Success, Two Thirds, Working Group
Home Ownership No Longer The American Dream?
Today's Eeyore Award for most foolishly pessimistic news goes to the National Center for Credit Counseling (NCCC). Recently, the NCCC released the results of a survey they commissioned. Frankly, I think the results they've come up with are probably unreliable and not representative of the American public. Nevertheless, the results were interesting, and can be summed up as follows: Half of the Read full article »
category: Real Estate News
Deloitte Survey Of Home Buyers – Interesting Reveleation
Deloitte LLP commissioned a survey that found that 67% (two thirds) of people who recently applied for a home mortgage found the process more difficult than before the housing crisis started about a year ago. Um, so what? I think the big news in this is that the rest of those seeking a mortgage (one third of the whole) apparently found the Read full article »
category: Main Content, Real Estate News
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.